You have to accept All or at least the Functionality cookies to be able to use our website. Thank you!

Functionality cookies

Always On

These cookies are necessary for the website to function and cannot be switched off. They are being used to manage layers, pop-ups and other information for the user, store and execute specific trading conditions for partners and clients, that applied for specific offer or show different content according to the location of the user.

Laravel

Other Cookies

Web Analytics Cookies

On

These cookies gather information that helps us to understand interactions with our website (visits, traffic sources, search queries, clicks, scrolling) and improve the user experience. All information these cookies collect is aggregated and therefore anonymous.

Google Analytics

Yandex Metrica

Targeting Cookies

On

These cookies help us making advertising more effective and show relevant ads that fits your interests. They can be also used to serve specific ads to users who've visited our website. They are being used for tailoring and measuring ads and specific actions on our website, f.i. newsletter-registration. They work by uniquely identifying your browser and device.

Google/DoubleClick

Facebook

Marketing Cookies

On

Used to record the source (publisher name), medium (creative type), campaign (advertising campaign name) and content (topic of the creative) of the client in order to assess it in our data base. Not being used for targeting purposes.

EUR/GBP - Technical Outlook

EUR/GBP has been trading within a short-term sideways range since the 18th of April, between 0.8695 and 0.8840, and thus we will hold a flat stance with regards to the short-term outlook for now. However, as far as the broader picture is concerned, the pair is still trading within the downside channel that’s been containing the price action since the last days of September.

On Friday, the bears took charge from slightly above 0.8800 and pushed the rate lower. If that momentum continues today as well, then we may see them aiming once again for the 0.8695. A clear dip below that level could set the stage for the 0.8620 support, defined by the low of the 17th of April, or the lower end of the aforementioned medium-term channel.

On the other hand, if the bulls prove to be stronger than the bears then we could see them targeting the aforementioned range’s upper bound soon, at 0.8840, the break of which could open the way for the 0.8900 resistance zone, or the upper side of the broader channel.

Taking a look at our short-term momentum indicators, we see that the RSI has been oscillating around 50 since the 18th of April, while the MACD lies near both its zero and trigger lines, pointing sideways. These momentum signs support the near-term flat picture marked by the range between 0.8695 and 0.8840.

Disclaimer:

The content we produce does not constitute investment advice or investment recommendation (should not be considered as such) and does not in any way constitute an invitation to acquire any financial instrument or product. JFD Brokers, its affiliates, agents, directors, officers or employees are not liable for any damages that may be caused by individual comments or statements by JFD Brokers analysts and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his investment decisions. Accordingly, you should seek, if you consider appropriate, relevant independent professional advice on the investment considered. The analyzes and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with the legal requirements for financial analyzes and must therefore be viewed by the reader as marketing information. JFD Brokers prohibits the duplication or publication without explicit approval.

FX and CFDs are leveraged products. They are not suitable for every investor, as they carry high risk of losing your capital. You should be aware of all the risks associated with trading on margin. Please read the full Risk Disclosure.

Research

Legal

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of the retail investor accounts lose money when trading CFDs with the Company. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Seek independent advice if necessary and review our Risk Disclosure and Privacy Policy before opening an account.

JFD Brokers Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) and is a Member of the Investor Compensation Fund (ICF). JFD Brokers Ltd is registered with the German Federal Financial Supervisory Authority - Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) (Registration number: 126399), the British Financial Conduct Authority - FCA (Registration number: 580193), the French Autorité de Contrôle Prudentiel et de Résolution - ACPR (Registration number 74013), the Italian Commissione Nazionale per le Società e la Borsa - CONSOB (Registration number 3317) and is MiFID II compliant under the Investment Services and Regulated Market Law of 2017 (Law number: 87(I)/2017). JFD Brokers Ltd is licensed to provide the investment services of Agency Only Execution (i.e. reception and transmission of orders, execution of orders on behalf of clients), Portfolio Management and Investment Advice in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Brokers Ltd is also licensed to provide the ancillary service of Safekeeping and Administration of Financial Instruments. JFD Overseas Ltd is authorised and regulated by the Vanuatu Financial Services Commission with license number 17933 to carry on the business of dealing in securities, reception and transmission of orders in relation to one or more financial instruments; Execution of orders on behalf of clients; Portfolio management; Provision of investment advice; Underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis in relation to Transferable Securities, Options, Futures, SWAPS, Forward Rate Agreements, Financial Contracts for Differences (CFD) and other Derivatives. JFD Overseas Ltd. is also licenced to provide the ancillary service of Safekeeping and Administration of Financial Instruments.

JFD Brokers offers its investment services to residents of France and Belgium only under the Company's MTF facilities. A restriction on offering investment services applies to residents of the United States of America, Russia, Japan and to residents of other countries whose domestic regulations classify such investment offering as prohibited.

To provide you with the best possible experience, this site uses cookies. By continuing to browse or by clicking "Accept All Cookies", you agree to the cookie usage. Find out more in our Privacy Policy.

More options

Accept All Cookies

Margin Trading is high risk and not suitable for all. Please ensure that you fully understand the risks involved.